- Inernational tenant covenant - ENGEO
- New 6-year lease with stepped rental growth
- Fully refurbished in 2026 with remarkable presentation
An exceptional opportunity to acquire a prime freehold industrial investment located within the heart of the tightly held Mount Maunganui industrial precinct. The property is fully leased to ENGEO, an award-winning international consultancy specialising in geotechnical engineering, environmental science, geology, and hydrology, with offices throughout New Zealand, Australia, and the United States.
ENGEO have recently entered into a new six-year lease commencing 1 February 2026 with rights of renewal through to 31 January 2038. This provides investors with immediate income security and attractive built-in growth. The current annual net rent is $136,300 + GST, increasing to $140,000 + GST in Year 2 and $145,000 + GST in Year 3. This is immediately followed by regular market rent reviews with a hard rachet mechanism to protect future returns.
Underpinned by a premium location, strong tenant covenant, quality presentation and long-term lease security, 20B Newton Street represents a compelling acquisition for investors seeking a passive investment with secure income and ongoing capital growth!
For more information or to view the property please contact Team Bradley today.
